Sweden-based developer GRIN is said to be the latest game studio hit by cutbacks, as multiple sources have told Kotaku that the Bionic Commando and Terminator: Salvation dev has laid off more than 100 staffers.

GRIN, which has development offices in Sweden, Spain and Indonesia, is rumored to be in the process of shuttering its Gothenburg and Barcelona-based annexes. Layoffs at its headquarters in Stockholm are rumored to amount to nearly 30. That reduction in staff and studios is said to affect somewhere between 100 and 160 employees total.

The developer most recently shipped Terminator: Salvation for multiple platforms to mixed reviews. It also shipped Wanted: Weapons of Fate and Bionic Commando Rearmed within the last year.

While layoffs that occur after a major title ships are not uncommon in the industry, the alleged closure of studios is more telling of GRIN's situation.

We've contacted representatives from Capcom and GRIN, but have yet to receive confirmation on the layoffs. Consider this distressing news rumor until we hear something more definitive, but given the numerous sources, all of whom wished to be kept anonymous, we'd think something's definitely up.